Trading Systems Day 3
This blog is a continuation looking at trading systems, in particular the 1 - hour trading system.
Today is Day 3 of trading systems, so what did the markets do today?
1 Hour Trading System
Day 3 - 19th August 2015
Today's first hour has 47 point range.
The First hour high : 6509.06
The first Hour Low : 6463.39
Long entry is 6510...Target 6557
Short Entry is 6463...Target 6416
Stops are 47 points and Targets are 47 points for Today.
This falls a little bit outside the acceptable points range but I would still place a trade.
(Charts created using MetaStock Pro 14, Try it now for free for 2 months - MetaStock Free)
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Trading Systems Day 2
This blog is a continuation looking at trading systems, in particular the 1 - hour trading system.
Today is Day 2 of trading systems, so what did the markets do today?
1 Hour Trading System
Day 2 - 18th August 2015
Today's first hour has 38 point range.The First hour high : 6564.55The first Hour Low : 6527.79
Long entry is 6565...Target 6603Short Entry is 6527...Target 6489Stops are 38 points and Targets are 38 points for Today.
This falls into the acceptable points range so a trade would have been placed today.
(Charts created using MetaStock Pro 14, Try it now for free for 2 months - MetaStock Free)
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Trading Systems
Trading systems have been used all over the world for centuries, why are they so popular you may ask? Well it's because of the many benefits the trading systems provide such as providing entry and exit points, taking the emotion out of your trading, providing a plan and consistency and hopefully making you some profit.
This blog will be looking at a few of these trading systems and looking at how they work and how they perform. There are so many trading systems to choose from that it can be hard to decide which one to use but it does depend on what type of trader you are and the level of risk and complexity you would like to take.
Whatever trading system you decide to use you should try to have a few rules in place things like:
• Try to stick to one trading system at a...

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